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Saturday, August 12, 2023 12:46:06 PM
They've been pedaling this stuff for over a decade and bilked investors out of $100s of millions and yet they never advanced past injecting some rats.
Now they can't even do that. No more R&D money, they've finally run the well dry and NASDAQ is readying their boot for next month. Can't even get a loan. AEGIS is desperate and saying they are worth $2.60 a share with like a 40M O/S. It was 18M before they ran out of cash and have been dumping shares for the last several months to survive. They went as far as a $2M share buy back which took them 8 months to buy $36K worth which finally occured in the last 30 days. Now we know where those buys came from and why SBFM had to double their O/S. Crazy.
The SEC won't let the directors dump shares. Their S4s were denied repeatedly by them for AEGIS and Slilaty to the point the SEC told them not to send anymore, we won't even look at them.
Slilaty bought adva-27a for $60K after a French pharmaceutical abandoned it because it was a failure. He then had it valued at $1 billion dollars by MNP LLC of Canada, who basically said "Yeah, if this thing cures cancer, gets FDA approval and goes to market, sure. It's worth at least a bil." The great thing is these CPAs don't have to actually "audit" SBFM, it was a big scam. He then tweaked it slightly and said it cured Ebola, Covid-19 through Covid-30, and more using fluff PRs a loan sharks.
Steve pumped that to death until he got listed on NASDAQ and landed yet another epic failure for SBFM.
Nora is somehow producing generics which is great, but do a little digging on them. Their revenue was about $350K until SBFM overpaid and bought them for like $26M with a $5m payout to their CEO Malek.
Anyway. At least Nora acts like a real company. But have no idea if they are even able to produce their own generics. SBFM sells their own brand of generic vitamins that they buy from someone else, and were able to sell a few with their own branding on Amazon.
Sorry for the novel. This company is a scam. Nora has a chance imo. But it'll probably take years.
Recent SBFM News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 07/11/2024 08:00:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:05:31 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 03/05/2024 09:37:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:05:35 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/23/2024 09:03:01 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 09:28:39 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/21/2024 01:24:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 10:01:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 04:39:32 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:53:03 PM
- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 02/14/2024 04:18:31 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/13/2024 05:15:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:05:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 02:04:50 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:17:56 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 02/01/2024 09:17:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 05:38:24 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 01/08/2024 01:10:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/07/2023 09:59:51 PM
- Sunshine Biopharma Moves Principal Office to New York City • GlobeNewswire Inc. • 12/04/2023 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 02:00:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 01:00:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/02/2023 04:18:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/20/2023 05:06:33 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM